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CDU's Michael Fuchs "Greece Cannot Be Saved, That Is Simple Mathematics"
Since it has now become the norm to spread myth, fairy tales and magic during the week, only to collapse the wave function of an insolvent "developed world" with a double dose of reality during the weekend when markets are conveniently closed (recall the Draghi in a Box phenomenon) only to repeat it all again the coming week, here is some more truth which may force Citi to hike its estimate of Greece leaving the Eurozone from 90% to 110% (or about how much of QE3 is now priced into the market): "Greece cannot be saved, that is simple mathematics," Michael Fuchs, deputy leader of the ... (full story)
mima
2,471 posts
fxsport
327 posts
It will really happen in September when the following happens:
1. Greece has exhausted it's supply of euro's and can't get anymore
2. The Germans are done with their vacations and leave Greece - THEN Merkel can lower the hammer and be done with the Greeks.
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